Why I'm Closing My Bank Accounts While I Still Can
By SHAH GILANI, Capital Wave Strategist, Money Morning • @WallStreet_II • November 30, 2015
Not long ago I walked into a local branch of my bank – the 13th largest bank in the United States based on consolidated banking assets, according to the Federal Deposit Insurance Corporation's (FDIC) second-quarter 2015 data.
I wanted to cash a check for a few thousand dollars. It was a business check made out to cash; it was my business account and there was plenty of money in it.
What happened next was, frankly, frightening. And it has profound implications for every American.